Industrial lighting is a vital part of manufacturing environments like automobile, chemicals, pharmaceuticals, petrochemicals, and power industries. Industrial lighting doesn’t only provide illumination source for performing regular operation by workers, but also helps in spotting dangerous or hazardous workplace conditions and in mitigating workplace accidents.
Industrial lighting is used in large manufacturing spaces and are installed in a very high volume in a single plant. Hence the need for them to be more energy efficient has been gaining traction over the years, driving the use of LED in industrial lighting. Although fluorescent and HID lighting are still important for certain applications, LED is becoming the leader among product types.
Industrial Lighting Market: Market Participants
Some of the key market participants identified in the Industrial Lighting market across the globe are:
- Hubbell Lighting, Inc.
- Legrand SA
- Philips Lighting Holding B.V.
- Cree, Inc.
- TOYODA GOSEI Co., Ltd
- General Electric
- Zumtobel Group
- Osram Licht AG
- Acuity Brands Lighting, Inc.
- Emerson
- Eaton Corporation PLC
- Koninklijke Philips NV
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-7305
Industrial Lighting: Market Dynamics
The climbing need for energy efficiency and reduced operation costs has been driving industrial users to switch to LED industrial lighting. LED not only reduces energy costs but also delivers a shorter Return on Investment, further establishing its promise over other types of industrial lighting. Additionally, the lowered costs of LED in recent times has also been promoting its usage in industrial lighting.
Industrial lighting in production lines and hazardous places are anticipated to be key application areas. Thorough and timely maintenance in these industrial settings is critical to the operation and hence the retrofit sales in these applications is expected to remain prominent.
As industrial lighting is equipped in in every corner of plants and manufacturing units, they are required to have high light source and able to survive in demanding temperatures. Hence, companies like Cree, Inc are introducing industrial lighting with Linear High-Bay luminaires that is suitable for high ambient temperatures and high ceilings.
With industrial spaces becoming more complex and difficult structures, moving forward R&D and new innovations are expected to play an important role in industrial lighting market.
COVID-19 Impact
The COVID pandemic crisis is anticipated to have a moderate to low impact on the industrial lighting market as the demand, especially for retrofit installations, is not driven by industrial activity but by life cycle of lighting systems. Also, with industrial lighting systems being an indispensable part of manufacturing, production and assembly lines, the market demand for industrial lighting is anticipated to stay afloat in the pandemic crisis as well.
Industrial Lighting Market: Regional Outlook
Asia Pacific is anticipated to dominate the industrial lighting market, owing to the widespread industrialization and robust growth in construction projects in China and India. In addition, the region is also witnessing an increased adoption of LED lights to promote energy efficient lighting.
Middle East & Africa region is anticipated to grow at a healthy pace in the industrial lighting market given the influx of foreign investments in a number of industrial and construction projects across Africa. Hence, manufacturing line lighting and flood lighting is anticipated to witness a healthy growth in the region.
North America and Europe are matured markets in terms of industrial lighting demand given the maturity of industrial and manufacturing industries in the region. Nevertheless, the replacement sales of industrial lighting in these regions is anticipated to be more prominent as compared to other regions.
Request Complete TOC @ https://www.futuremarketinsights.com/toc/rep-gb-7305
Industrial Lighting Market: Segmentation
light source
- High-intensity Discharge (HID) Lighting
- LED
- Fluorescent Lighting
lighting type
- High/Low Bay Lighting
- Flood/Area Lighting
- Spot Lighting
- Industrial Linear Lighting
application
- Warehouse
- Production Lines
- Hazardous Locations
- Outside Premises
- Others
end use
- Oil & Gas
- Pharmaceutical
- Food & Beverage
- Mining
- Manufacturing
- Logistics
- Other Industrial
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
